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Obama Admin Blocks Foreign Business Deal, Cites National Security Risks

Sep. 28, 2012 7:19pm Becket Adams

The Obama administration on Friday ordered a Chinese company to divest its interest in four wind farm projects situated near the Naval Weapons Systems Training Facility in Boardman, Ore., marking the first time in 22 years that a U.S. president has nixed a foreign business deal.

“There is credible evidence that leads me to believe that Ralls Corporation … and the Sany Group (which includes Sany Electric and Sany Heavy Industries), a Chinese company affiliated with Ralls … and, Mr. Dawei Duan (Mr. Duan) and Mr. Jialing Wu (Mr. Wu), citizens of the People’s Republic of China and senior executives of the Sany Group, who together own Ralls,” the statement from the White House Office of Press Secretary reads, “might take action that threatens to impair the national security of the United States.”

Other than its proximity to a U.S. Navy base known for testing unmanned drones and “electronic-warfare planes,” the Obama administration has not made clear how the Ralls purchase poses a threat to national security.

“The transaction resulting in the acquisition of the Project Companies and their assets by the Companies or Mr. Wu or Mr. Duan is hereby prohibited, and ownership by the Companies or Mr. Wu or Mr. Duan of any interest in the Project Companies and their assets … is prohibited,” the statement adds.

Considering the already tense relationship between the U.S. and the People’s Republic of China, President Obama’s decision to block Ralls probably won’t help anything.

2012cfius.order

“The last time a president used the law to block a transaction was 1990, when President George H.W. Bush voided the sale of Mamco Manufacturing to a Chinese agency,” the Associated Press notes.

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Front page photo source courtesy the AP.

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Comments (72)

cosmic dogma
Posted on September 28, 2012 at 11:58pm
They must have been late in their payoff.

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- DoubleThrowDown
  Posted on September 29, 2012 at 1:49am
  I’m sure when the check clears to his reelection he will let them do what ever they want. Heck I bet they even get stimulus money to help them build it.
  
  Report this comment
- G-WHIZ
  Posted on September 29, 2012 at 10:25am
  The Chineese doNot support JIHAD!! Only MuslimBrotherhood-supported companies need apply!!
  
  Report this comment
- turkey13
  Posted on September 29, 2012 at 11:12am
  The Chinese have to pay off not only Obama but Hillery and Bill didn’t get their checks in their secret off shore accounts either. They will put the guy that screwed up for not getting the payments into those accounts before a fireing squad. China has to take care of the US or they will lose their best customer.
  
  Report this comment
- desertspeaks
  Posted on September 29, 2012 at 3:32pm
  not pay off, re-election donation wink wink nudge nudge! hell, if it was good enough for bill clinton, it’s certainly good enough for the chosen one!
  
  Report this comment
- Mil Mom
  Posted on September 30, 2012 at 10:11pm
  @G-WHIZ
  Posted on September 29, 2012 at 10:25am
  
  The Chineese doNot support JIHAD!! Only MuslimBrotherhood-supported companies need apply!
  ***
  Perhaps he’s afraid the Chinese spy technology may intercept some of the drones messages and discover where they are being transmitted to. It makes us wonder, “WHERE ARE THEY BEING TRANSMITTED TO?” After all, the Chinese didn’t pay their green taxes to the UN they may be a little to independent for his handlers.
  
  Report this comment
- just the facts
  Posted on October 1, 2012 at 9:50am
  This administration has been proven to say one thing and go back door on the same thing. Trust has not been their strong point and to me what they say is taken with a grain of salt.
  
  Report this comment
Tigress1
Posted on September 28, 2012 at 9:47pm
I guess Obama doesn’t want to save the planet with wind farms unless they are AMERICAN -made wind farms? Maybe he is afraid the miniature bug-size drones that we are supposedly coming out with will get whacked by the giant windmills? Maybe the Chinese wind farms will actually be a success and make Obama’s investment in Solyndra look really bad? Did Obama forget about the “GLOBAL economy”? :)

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Tigress1
Posted on September 28, 2012 at 9:19pm
Loopholes in the tax code must be eliminated, however, HUGE loopholes for our governing elite are great. The gov. can get away with anything as long as they state that something is a “threat to national security”. No explanations are necessary. The Secretary of State can simply “waive” Congressional provisions in a bill for financial aid to foreign countries (such as Egypt) if she deems it as a threat, and apparently the President has this power as well.

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zoro51
Posted on September 28, 2012 at 8:55pm
this IS BS while CHARIMAN OBAMA give 420 BILL tio EGYPTIANS.. FIRE THIS WORTHLESS PIECE OF CRAP NOW IMPEACH OBAMA N THROW HIM OUT OF THE USA this IS madness

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- Keatonc333
  Posted on September 29, 2012 at 2:22am
  Its million not billion. come on man. and what should he have done? invested in the chinese company like Romney did? would that make you happier?
  
  Report this comment
- DenverKitty
  Posted on September 30, 2012 at 1:32pm
  You are right! IMPEACH OBAMA. Dear Black People, dear Hopeful White People: You chose incorrectly in 2008. Admit it. This has been the first Black President; he IS a DISMAL FAILURE. Okay, so you all were WRONG. It’s not as if human beings cannot make a mistake…but BUILD A BRIDGE and GET OVER IT. IMPEACH OBAMA, VOTE him OUT. You bought a apple with total WORMS inside. Don’t continue eating it.
  
  Report this comment
fcbs46
Posted on September 28, 2012 at 8:49pm
Sorry folks I have to hold my nose and applaud the BHO because theses damn wind mills set overlooking the range.

Don’t be dumb just because the BHO has really done something right (probably by the military being insistence)

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- nurseheidi
  Posted on September 28, 2012 at 9:57pm
  Don’t exhale just yet, he has probably transmitted that he will have more flexibility after the election. After all, they are one of our closest allies… at least that’s what he said during his convention speech which was news to me, and went unnoticed by the media .
  
  Report this comment
- Keatonc333
  Posted on September 29, 2012 at 2:27am
  Thank you! Its refreshing to see some acknowledgment that this was a good move. you might not like everything he does, I understand that. but I applaud you for putting party aside and recognizing a positive for our country! I wish more people had the class that you have.
  
  Report this comment
- raderby
  Posted on September 29, 2012 at 5:37am
  “done something right”? there is more to this……. you can be sure. king Zero is the biggest crook to sit in the the oval – ever. Makes the Grant admin look like boy scouts.
  
  Report this comment
oxycontinxx
Posted on September 28, 2012 at 8:27pm
hurrahh…………to burrak………..

he s taking this country and all its institutions apart piece by piece……………….by executive order no less……………

what a doosh bag…………..

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- Snowleopard {gallery of cat folks}
  Posted on September 28, 2012 at 8:30pm
  No surprise there; he also is going to enrage China into a trade war with us. Obama has to know he is going down this November, and is setting the board up for an economic collapse to blame on Romney before he comes into office.
  
  Report this comment
- chips1
  Posted on September 28, 2012 at 8:37pm
  The muslim cult business is expanding, yet, not a word. Hummmm!
  
  Report this comment
- MikaelScot
  Posted on September 28, 2012 at 10:27pm
  I agree, Oxycontinxx, he has taken the priviledge of executive order to a whole new level, but for that we also have to look congress for letting him continue to do it unchecked.
  
  As for SnowLeopard, I think there is a bigger game being played here than a trade war with China. Don’t forget this http://www.youtube.com/watch?v=Lvl5Gan69Wo Where GM announced their “committment to working in China, with China, for China.” This was an election gesture but don’t be fooled, this Admin isn’t too concerned about American jobs, tech or security. Just today Hillary spoke before a gathering or Arab nations avocating the “loosening of restrictions, especially on small businesses…because too many people still can’t find jobs in Tunisia, Libya, and Egypt.”
  
  Lord, help us.
  
  Report this comment
- Keatonc333
  Posted on September 29, 2012 at 2:28am
  So in your mind supporting chinese business through American fault is a good idea?
  
  Report this comment
- VanceUppercut
  Posted on September 29, 2012 at 4:17pm
  @Snowleopard {gallery of cat folks}
  
  Obama should get tough on China!
  (three seconds later)
  How dare Obama get tough with China!
  
  Report this comment
fastfacts
Posted on September 28, 2012 at 8:26pm
This guy has no idea about business or national security so either way we are in trouble in this situation, plus the fact that the company is from China. That is why we need Romney.

Speaking on National Security, Benghazi-gate is getting worse, now Obama is using the intelligence agencies as fall guys.

Did anyone see Gov Sununu take on Obama over this scandal, ripped him to shreds: ‘lazy and detached’ – http://www.thedailycandidate.com/video/2012/sep/sununu_obama_lazy.html

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- Keatonc333
  Posted on September 29, 2012 at 2:29am
  True! Romney loves china! Heck he even invested in a chinese oil company “CNOOC” who was drilling in Iran! thats the man we need as president!
  
  Report this comment
Sirfoldallot
Posted on September 28, 2012 at 8:23pm
They r doing so much distruction that they really don’t care if they win. The next Admin. will never be able 2 undue all this distruction they put into play.

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fande3rls
Posted on September 28, 2012 at 8:21pm
Wow .for the second time he has done something correct , twice thats all just twice , even a broken clock is correct twice a day.

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- lbk
  Posted on September 28, 2012 at 8:28pm
  What did he do correctly–TWICE?
  
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lbk
Posted on September 28, 2012 at 8:21pm
No!! The ONLY reason he has blocked it is: Solopower outside of Portland has opened a solar panel company. Another green job (ha ha) that will go the way of Solyndra. Again, $197mil of our hard earned tax dollars, with US loan guarantee, down the drain. Obama doesn’t want ANYONE on his territory. Don’t belileve me–just look up Solopower……….there for all to see.

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pma_guy
Posted on September 28, 2012 at 8:19pm
A squirrel can find a pecan in the winter if he looks hard enough. Congrats barack for keeping us tantalized with your brillant feint. If you could honor and protect the Constitution ALL the time, this may be believable.

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- fcbs46
  Posted on September 28, 2012 at 8:53pm
  Amen
  
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pma_guy
Posted on September 28, 2012 at 8:14pm
A squirrel can find a pecan in the winter if he looks hard enough. Congrats barack for keeping us tantalized with your brillant feint.

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possom
Posted on September 28, 2012 at 8:07pm
Security? All they would have to do is ask and obamee would give them any secret they needed.

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- Sirfoldallot
  Posted on September 28, 2012 at 8:19pm
  yup & lead them by the hand to take what ever they want.
  
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The-Monk
Posted on September 28, 2012 at 7:53pm
Translation;

Please ignore anything you hear in the American press and any letters from me. I will have more freedom after the elections. The deal will go through on Nov 7th.

Please transmit to Chairman Mao.

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- WATER-THE-TREE
  Posted on September 28, 2012 at 7:58pm
  Translation: If I let them build it would create jobs, can’t let that happen.
  
  Report this comment
rebelguns
Posted on September 28, 2012 at 7:49pm
Oooooo! Obams flexing those foriegn policy muscles! What is the Obams foriegn policy anyway?

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- Cemoto78
  Posted on September 28, 2012 at 8:04pm
  Incompetence at the highest levels. failure is the option.
  
  Report this comment
RJJinGadsden
Posted on September 28, 2012 at 7:43pm
Is 0bama forgetting where his next major loan is coming from, that actually begins Monday?

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- starman70
  Posted on September 28, 2012 at 7:52pm
  China has quit loaning us money. That is why the FED is buying up all our debt and printing worthless dollars to do it. No one else in the world will have any part of it.
  
  Thi Chinese Commies have no business anywhere near any of our bases. However, that may change. If he gets re-elected, he will “Have more flexibility” as he told medyev. We will see what hapens.
  
  Report this comment
- The-Monk
  Posted on September 28, 2012 at 8:01pm
  Hi RJJ,
  
  I wonder if that firm that owns Zuccotti Park will get the deal. What was their name? Brookfield Properties I think. I remember they got something like $143M for a wind farm in NH when they agreed to let OWS stay there.
  
  Now that makes me wonder…. OWS wants to come back to Zuccotti Park, BHO needs some chaos near or after the elections and now China can’t build the wind farm? Hmmmmm?
  
  Report this comment
Gary_K
Posted on September 28, 2012 at 7:41pm
It’s just a bump in the road untill after the election when barry will have “more flexability.”

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Mike Benton
Posted on September 28, 2012 at 7:40pm
If HE likes it it is good, if HE does not like it it is bad. End of story…move on.

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ThoreauHD
Posted on September 28, 2012 at 7:39pm
Did he spin a bottle on top of all the National Security briefings he didn’t read, and just pick on to fix.

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progressiveslayer
Posted on September 28, 2012 at 7:39pm
News flash for Barry the Chinese are destroying us with debt and when they decide to stop buying our debt this ballgame is over and we’ll see change we can believe in. It won’t be a campaign slogan from a skinny Marxist mulatto maggot POS in chief,it’ll be hyperinflation and depression part two.

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- RJJinGadsden
  Posted on September 28, 2012 at 7:45pm
  PROG, I just made a similar post, but now I am beginning to think that we are already looking into QE12 as a soon to come eventuality.
  
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KangarooJack
Posted on September 28, 2012 at 7:33pm
Borders???? WHAT borders?? Oh, yea-Canada is pretty tough.

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KingCanon
Posted on September 28, 2012 at 7:30pm
Let a Middle Eastern client chime in and watch the rush to sell!

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KingCanon
Posted on September 28, 2012 at 7:29pm
Let a Middle Eastern customer chime in and we’ll see what happens!

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progressiveslayer
Posted on September 28, 2012 at 7:25pm
Well it is an election year so the Marxist mulatto POS has to pretend he has our security as his primary interest.The fact that this regime has left our borders wide open is beside the point.

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- SWORD_OF_THE_LORD
  Posted on September 28, 2012 at 7:42pm
  Bingo …
  
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- Stelex
  Posted on September 28, 2012 at 8:46pm
  Watch the UN, they are putting forward a slew of Global Tax’s. If our government give’s into a single one then you know we’ve been sold out to the Global Elite. Seriously, I think we’ve been sold out long ago and Obama is setting up the pay off. Oathkeepers, patriots and everyone else…………..
  
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grimmster
Posted on September 28, 2012 at 7:23pm
I dont care the reason, keep the chi-comms out of this country……

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